How to maximise your Buy To let

The best way to maximise your buy to let property first and foremost comes down to the type and location of the property. This will need to be in a good area that will be in demand to rent. Remember, even if your buy to let property doesn’t have a tenant, you or your company will still be responsible for the mortgage repayment, therefore it is vital that the property you and your investors choose to purchase is in a smart location and is a reputable residence that can be easily rented.

Another thing to consider when trying to maximise your buy to let, is weighing how much of a deposit on the mortgage loan is best. Usually, buy to let mortgages require a much larger deposit, 25%, when compared to home mortgages, but it is not always best to lock too much cash away in a mortgage. In some cases, companies or individuals can secure a buy to let mortgage with only a 15% deposit which, would leave more cash in the bank however could eat away at potential monthly profits since you would have a higher monthly mortgage. These decisions can be weighed and decided upon with the help of your mortgage broker.

The most important factor for maximising your buy to let will still come down to the location and property value forecasts. The property you and your investors choose to buy could have the potential to drastically go up in value in just a few short years. Best thing to start now is researching and choosing a great home or apartment in an up and coming neighbourhood that could yield a solid return value.

Charleston Financial Services Limited is registered in England and Wales No. 07038315. Registered office: 9 Copperhouse Court, Caldecotte, Milton Keynes, MK7 8NL . All rights reserved. Charleston Financial Services Limited is authorised and regulated by the Finance Conduct Authority (No. 513260) The FCA does not regulate some mortgage contracts. Charleston Financial is a member of the National Association of Commercial Finance Brokers, the body that promotes best practice within the commercial finance industry. Telephone calls may be monitored or recorded for training purposes.

Not all of our products are regulated by the Financial Conduct Authority – please ask for details.YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.